Iqvia Holdings Inc (NYSE: IQV) has reported E.P.S. of $1.58 for its first fiscal quarter (ending March 31) versus $1.56 for the same period a year ago — an increase of 1%. However, this performance was $-1.25 short of the consensus estimate of $2.83. E.P.S. were $7.43 for the latest four quarters through March 31 versus $5.66 for the same period a year ago — an increase of 31%.
Recent Price Action
On 5/2/24, Iqvia Holdings Inc (NYSE: IQV) stock declined by -4.6%, closing at $222.14. Moreover, trading volume in this decline was unusually high at 198% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.8% during the last week.
Current PriceTarget Research Rating
IQV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Iqvia Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Iqvia Holdings has a very low Appreciation Score of 13 but a slightly positive Power Rating of 70, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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